Stablecoins in Payments: Unlocking New Possibilities
The rise of cryptocurrencies has introduced innovative solutions to the financial landscape, and stablecoins have emerged as a key player, particularly in the realm of...
The rise of cryptocurrencies has introduced innovative solutions to the financial landscape, and stablecoins have emerged as a key player, particularly in the realm of payments. This article delves into the applications of stablecoins in payments, exploring their benefits, challenges, and potential to revolutionise how we transact. What are Stablecoins? Stablecoins are a type of cryptocurrency designed to minimise price volatility, a characteristic that has hindered the broader adoption of traditional cryptocurrencies like Bitcoin. They achieve stability by pegging their value to a reserve asset, typically a fiat currency like the US dollar, or a commodity like gold. Some stablecoins...